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Re: Crypto Blowing Up
 

There are a lot of potential catalysts upcoming. This is a bear trend and not a bear market. You have an Aussie Spot ETF coming this month and a USA spot ETF to follow sometime this year. Institutions and venture funds are raising tons of money and investing 100s of millions every week in web3 (crypto) protocols, along with Bitcoin, eth and other large caps.

I would not be at all worried about holding good coins right now. It is only a matter of time.

The eth merge (fully Proof of stake eth chain) will not likely happen this year but there will be a ton of working layer 2s to pick up the slack along with good EVM layer ones.

Yes, the housing market is a giant bubble. It is 2008 on steroids. It is only a matter of time before a massive correction in housing prices. Never fomo into any investment.

This is not financial advice.

Re: Crypto Blowing Up
 

Hmmm... trend vs market...

What's the difference?

Re: Crypto Blowing Up
 

This downturn in price is short term. Institutions and VCs don't enter a market to try and catch a falling knife. They signal the bottom. Retail enters in the middle and the top.

Re: Crypto Blowing Up
 

Geez, binance has been spamming me multiple times a day with a bunch of new alt coins.

Looks like crypto is becoming more like Walmart now.

Re: Crypto Blowing Up
 

Bitcoin would not be able to hold $28k

Re: Crypto Blowing Up
 

Was wondering when the idiot would crawl out from under their rock.
Welcome back moron. Do enlighten us with your nonsense again please since its that time in the cycle.
And dont be surprised at the ridicule you receive for it. I will be as merciless as possible this time around.
Lets get started.

Re: Crypto Blowing Up
 

I hope it crashes a lot more so that I can buy in on the sale price :)

Re: Crypto Blowing Up
 

I wonder if BTC will go close to 25K in the next month...

Or even to 20K.

And I'm guessing if it does ETH will follow the down trend.

and if that's the case, instead of buying BTC, we buy as much ETH as possible.

Thoughts?

Re: Crypto Blowing Up
 

5 year time horizon and you'll be laughing all the way to the bank at the next halving event.

Re: Crypto Blowing Up
 

Does anyone have any prediction when this falling knife will stop...portfolio looking horrible right now.

Re: Crypto Blowing Up
 

time to buy :cool:

Re: Crypto Blowing Up
 

Morning chuckle :lol: - "it's that time in the cycle"...

Re: Crypto Blowing Up
 

BTW - swap trading between ETH and BNB I made a killing yesterday.
Have a look at the charts - it was pretty sweet.

Re: Crypto Blowing Up
 

Lets put the handbags away guys :)

Re: Crypto Blowing Up
 

I believe it briefly hit 25k last night.
It's quite possible that it'll bottom out to that price range.

Re: Crypto Blowing Up
 

Markets are still up above healthy numbers. They could go 20-30% lower. I would expect crypto to follow and sometime in the medium future have a steady upward trend.

For the short term, volatility with a downward trend is practically guaranteed. It is a great time to trade/swap with some calculated risk.

But I don't know much and this is not financial advice :)

Re: Crypto Blowing Up
 

Those tiny rate hikes are meaningless. It is the selling off the balance sheets that will tank the markets. The only reason the markets where up so high is because the FED was buying the stocks the past years to prop up the house of cards. Now they need to crash it to stop the wealth effects. Watch what they do, not what they say. They are not trying to lower inflation they are trying to save the dollar with inflation as the puppet show.

Re: Crypto Blowing Up
 

I am liquidating hard assets now because I truly feel that asset prices are going to have a rapid price reduction within the next 18 months. I am basically selling off all cars, power sports, trailers, equipment, land while the prices are still prime and people have credit and cash.

The moment that these jobs start drying up, things are going to get wonky and that will create a domino effect almost certainly.

Of course these monetary planners(FED, IMF, CENTRAL BANK, ETC) will reverse course and the window of opportunity for buying cash-flowing assets might be much shorter than years past.

I suggest anyone with credit card debt and bad loans to pay them down if possible. If you can come out of this next 18 months with cash and a great credit score, you can be set for life.

Credit scores have changed and going to be changing more by end of 2022. Number one score crusher is going to be credit card balances. Even a 30% utilization rate might make it so banks short on cash wont lend and how they are measuring utilization is based on the previous 24 months. People like myself wont be able to manipulate the score and use credit cards with no and low interest rates and expect to buy hard assets easily in the years to come.

Just my $0.05 cents(up from 2 cents for inflation) haha

Re: Crypto Blowing Up
 

Ah yea I forgot about the 4 year halving.
the last one was last year right? so less than 4 years later, not 5

Re: Crypto Blowing Up
 

WARNING:

I'm getting tired of reading some BS posts in this thread. If you got nothing good to share, don't.

Re: Crypto Blowing Up
 

And I still don't know how to do it in the finance app...

Re: Crypto Blowing Up
 

i believe you're in the truck and camper business right?
Car market is still nutty now and I'd sell them at this market too if I had those assets.

Re: Crypto Blowing Up
 

I use Binance.
Here is the BNB/ETH chart:
https://www.binance.com/en/trade/BNB...dark&type=spot
Note the daily high lows for the last 24 hours and note the massive profit made. Note - I switched all my ETH to BNB when the ratio was at 0.1244.
Just placed the order to sell it at 0.1435. It might go higher but I figure making more than 15% in under 24 hours is an acceptable profit lol.

Re: Crypto Blowing Up
 

Its now hovering around 0.1450
Im quite content with my decision.
Made my annual income and more in under 24 hours - not too shabby.

Re: Crypto Blowing Up
 

I don't have a single BNB... good time to buy?

Re: Crypto Blowing Up
 

It changes all the time.
Have to keep track of the various coins.

Re: Crypto Blowing Up
 

Sounds like this is one of your main jobs now.

Re: Crypto Blowing Up
 

Bitcoin $29K ,wont hold

Re: Crypto Blowing Up
 

More wonderful insight....

Re: Crypto Blowing Up
 

To be honest i'm a buyer if it drops to 18k GBP ... looking forward to it.

Re: Crypto Blowing Up
 

Cost averaging indeed

Re: Crypto Blowing Up
 

I really wish those very accurate posts were not deleted. It really is a shame he can constantly belittle others and get protection. He is wrong at least as much as he is right too. He attacks anyone who disagrees with him. Why delete the posts dishing it back?

Re: Crypto Blowing Up
 

Protection money

Re: Crypto Blowing Up
 

yankee - I assume youre referring to me so id like to set a few points straight.
I do not belittle 'others'. I belittle one specific person - agent006140. If youd look youll see Im not the only one doing so. As for the post about Hank - he attacked me first so I responded in kind.
As for agent - the reason I belittle this person is because he attempts his best to come across as an expert about the crypto markets and offers financial advice as such when he clearly has no idea what hes talking about and by his admission has not a single penny invested himself. Go through this long thread and look up agent's posts and youll notice the pattern of him making his posts/advices only when Bitcoin is on a downturn. He is clearly a nay sayer who has zero faith in crypto in general so for him to be offering financial and investment advice on the topic is ludicrous and ill keep calling him out on it and belittling him in an attempt to offer people reading his posts the proepr perspective and hopefully have them think twice before following his nonsense advice.
As for myself being wrong - show me a single post in which I made a prediction or offered any investment advice. Go ahead and search this thread and show me where Ive done that. I am a big believer in crypto and the underlying technology and I have a LOT of money invested in the crypto markets (if you consider 7 figures a lot) and have done extremly well to the point of being able to stop selling accounts on the forum and effectively retire before the age of 50. I still do not claim to be an expert/prophet and do not consider myself one. In my opinion anyone trying to make predictions is making a fool of themselves. This industry is too new and does not follow the traditional financial markets trends and patterns so I dont believe anyone can make predictions or offer advice with any degree of certainty. As such anyone who does so will be right on average 50% of the time - in other words useless.
The only thing I can say about investing in the crypto markets is use common sense. Do your own research and never invest money that you cannot afford to lose. The two traits I find are most necessary when investing this way are:1. Patience - and LOTS of it 2. Nerves of steel - to NOT sell at a loss. I find that investing in crypto is similar to gambling on the stock markets with one big distinction - if you have the patience and the nerves then you will make a profit. Last year I had to wait 6 months to realize a profit. Never had an issue with it cause Im familiar with this possibility and could afford to wait.
Hope that clarifies my position on things when it comes to this thread. If any of what I wrote above is an issue please do responsd and we can continue this as a ciovilized discussion.

Re: Crypto Blowing Up
 

Re: Crypto Blowing Up
 

Agent can you just post the link please not the entire article

Re: Crypto Blowing Up
 

We tend to only delete things if it steps across the line

Personally I like the back and forth :) it’s when it starts to get to personal insults that the mods will start to cull a few posts

Stick to accurate info but without being too childish and they stay :)

Re: Crypto Blowing Up
 

you need subscription to Barron's digital to read ,thats why I copied it.

Re: Crypto Blowing Up
 

Regurgitating others people info. How original.
Yankee - note that again it is all negative news. As I said before he only crawls out from under his rock when its that time and crawls right back under when his downturn projections are proven wrong and the trend reverses itself - as it eventually always does.
At least this time there is no attached prediction or financial advice/recommendation.

Re: Crypto Blowing Up
 

Sloker, I appreciate your feedback here. I hear you. I dont like agent either and I do giver her never ending crap when she posts inaccuracies and she does ALL THE TIME haha

It seems you are sensitive to her posts here and understandably. You have a lot on the line and have a lot more experience in this arena.